Cruise stocks jumped on news that the U.S. will begin to normalize ties with Cuba. China also looms as a lucrative market, which could boost shares of Carnival and Royal Caribbean Cruises 15% each in the next year.

Italian ministers said 427 people had been rescued and the bodies of 10 victims had been recovered from the ferry that caught fire while traveling from Greece to Italy, but there was confusion about how many people were still missing.